Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Lenovo Group shares surged above their 200-day moving average of $25.96, reaching a high of $28.70 during trading, with the last recorded price at $28.66.
• The company announced a significant increase in its dividend to $0.7593 per share, up from $0.20, resulting in a dividend yield of 366.0%.
• Lenovo Group has a market capitalization of $17.78 billion and a P/E ratio of 11.46, reflecting robust financial metrics despite a relatively low beta of 0.73.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.96 and traded as high as $28.70. Lenovo Group shares last traded at $28.66, with a volume of 17,274 shares.

Lenovo Group Stock Down 1.0%

The stock has a market cap of $17.29 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.95. The stock's fifty day simple moving average is $26.66 and its 200-day simple moving average is $25.98.

Lenovo Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were paid a $0.7593 dividend. This represents a yield of 366.0%. This is a boost from Lenovo Group's previous dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 31st. Lenovo Group's payout ratio is 60.40%.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.